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Chen Zhenggao of the Ministry of Housing and Urban Rural Development

National Auditors Allege RMB9.37B Fraud and Abuse in Public Housing

2014/07/21 by Michael Cole Leave a Comment

China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.

The country’s National Audit Office issued a statement… Read More>>

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